Business Voice | CommonwealthFirst | World Champion in SME Support

Business Voice

26
May

The Commonwealth: a ready export market

This unique club of 53 countries offers trading opportunities to SMEs – but the UK’s poor export performance to date highlights that support is needed

SMEs drive entrepreneurialism, promote competition and innovation, and are in many ways the backbone of the UK economy. But, when it comes to the export market, they are collectively failing to maximise their potential with respect to exporting abroad. The UK performs poorly when it comes to SME-generated exports compared to exporting countries of comparable size. And it is estimated that anywhere between 25,000 and 150,000 currently non-exporting firms in the UK could, and should, be doing so. Read more